secwatch.observer — SEC 8-K summary
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Issuer:     Z Squared Inc. (ZSQR)
CIK:        0001759186
Form:       8-K
Filed at:   2026-06-29T21:19:05+00:00
Accession:  0001185185-26-002708
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Z Squared raises $15.4M equity via SEPA completion, added to Russell 2000/3000
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- Raised approx $15.3M ($15.4M gross) from sale of 1,302,806 shares at $11.84 to YA II PN under SEPA; no new debt.
- Proceeds to support AI infrastructure acquisition and conversion; Phase 1 target of 100 MW AI-ready capacity.
- Formally added to Russell 3000 and Russell 2000 indexes effective June 26, 2026.
- Signed LOIs to acquire Skycore Digital (~24 MW with path to 42 MW) and majority interest in Paradox Data LLC.
- Maintains virtually no corporate debt; all-equity financing preserves balance sheet.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759186/000118518526002708/0001185185-26-002708-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759186/000118518526002708/zsquared8k062926.htm
  HTML page:      https://secwatch.observer/filing/0001185185-26-002708

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer